Mathematics, 28.11.2020 16:00, jaejaeJae9534
Payday loans are very short-term loans that charge very high interest rates. You can borrow $500 today and repay $575 in two weeks. What is the compound annual rate implied by this 15 percent rate charged for only two weeks?
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Payday loans are very short-term loans that charge very high interest rates. You can borrow $500 tod...
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